You own a store and paid $1153.00 for a piece of art to sell in your gallery. Your original selling price to the customer was $5000.00 but it was marked down 80% in order to make room for incoming art. If operating expenses are 10.2 % of cost, find (a) the break-even point for that piece of art (b) the operating loss and (c) the absolute loss. Type your answers in the box below.

Business math